Norinchukin, a Japanese institution, Announces Plans for Capital Raise Following Higher Rates' Impact on Bond Holdings

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Financial Times 3w ago

Norinchukin, a Japanese institution, Announces Plans for Capital Raise Following Higher Rates' Impact on Bond Holdings - Financial Times

Quick Summary:

A big focus for investors is the extent to which Norinchukin will sell off US and European government bonds and instead buy Japanese government bonds.

Yields on the latter have risen after the Bank of Japan raised interest rates in March for the first time since 2007.

On Wednesday, the yield on Japan’s 10-year JGBs climbed above 1 per cent for the first time in 11 years amid rising expectations that the BoJ will reduce its purchases of government debt.